Slide 1 Basic Economics Dr Ed Wright Slide 2 What is Economics? “A science that deals with the allocation, or use, of scarce resources for the purpose of fulfilling society’s…
Slide 1 Economics “Econ, Econ” Econ Slide 2 Introduction to Economics I WON THE LOTTERY! I’ll give you anything you want other than money. What do you want? Would your…
Slide 1 Slide 2 Unit I: Basic Economic Concepts Slide 3 Economics Defined Economics-Social science concerned with the efficient use of limited resources to achieve maximum…
Unit 2: Supply, Demand, and Consumer Choice Unit I: Basic Economic Concepts 3 FACTS! Econ is a skills based course. Learning methodology resembles algebra more than history.…
What is Economics? What is economics? SSEF1 The student will explain why limited productive resources and unlimited wants result in scarcity, opportunity costs, and tradeoffs…
Economic Way of Thinking Todayâs Warm Up Pick up and complete the questionnaire at the front of the room â âDo You Think Like an Economist?â Basic Economic Concepts Todayâs…
AP Economics âEcon, Econâ Econ Unit 1: Basic Economic Concepts Length: 4 Weeks Chapters: 1, 2, and 3 Assignment: Problem Set #1 I WON THE LOTTERY! Iâll give you anything…
Unit I: Basic Economic Concepts What is Economics in General? Economics is the study of _________. Economics is the science of scarcity. Scarcity is the condition in which…
Unit 2: Supply, Demand, and Consumer Choice Unit I: Basic Economic Concepts 3 FACTS! Econ is a skills based course. Learning methodology resembles algebra more than history.…